| Most companies require a routine medical exam when applying for life insurance. The insurance company will hire its own physician or medical technician to perform the exam. While it is impossible to hide certain medical conditions, there are steps you can take to get better test results, and perhaps lower premium rates.
1. Restrict consumption of salt and high cholesterol foods for 24 hours before you are scheduled for the exam.
2. Do not drink alcohol for at least eight hours before you see the doctor. Take a pass on caffeinated beverages for a couple of hours before the exam...
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When you sign up for a new health insurance policy, it doesn't get implemented with immediate effect. The policy comes into effect after a 'waiting period', which depends on the kind of insurance and other factors, such as age, your medical history and the company. In other words, the insurer is liable to entertain any claim amount filed only after this waiting period.
If an individual undergoes an accident or undergoes hospitalisation during the waiting period, the customer may not be covered for a loss. However, following are the broad indicators of waiting period. There is an initial waiting period of 30 days, which goes up to 90 days...
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